The Global Automotive Semiconductor Market accounted to US$34.89 Bn in 2017 and is expected to grow at a CAGR of 8.3% during the forecast period 2018 – 2027, to account to US$76.93 Bn by 2027.
Semiconductors have facilitated most of the latest innovations in automotive technology across the world. Demand for automotive semiconductors is continuing to rise steadily due to more complexity in car designs, which thereby provides a significant long-term growth scenario for the automotive semiconductor market.
Owing to this, several global automotive suppliers and automotive OEMs are focusing on introducing innovative sensors, connectivity platforms, mapping applications, and other new technologies along with the expansion of electric vehicles (EVs). Further, the semiconductor content in each vehicle is on a rise owing to the government regulations regarding safety, fuel efficiency, and emission standards.
The safety features in the automotive semiconductor market have evolved from passive to active systems with ADAS including radar & vision systems. Further, the demand for electronic stability control, tire pressure monitoring, ADAS, and other features is witnessing notable growth rate owing to regulatory mandates.
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Top Key Present in the Global Automotive Semiconductor Market: NVIDIA Corporation, Intel Corporation, NXP Semiconductors N.V., Infineon Technologies AG, Rohm Semiconductor, Texas Instruments Inc., Renesas Electronics Corporation, Robert Bosch GmbH, ON Semiconductor Corporation, and STMicroelectronics N.V. among others.
Various other companies operating in the automotive semiconductor market and are coming up with new technologies and offerings which is helping the automotive semiconductor market to expand over the years in terms of revenue.
The global automotive semiconductor market has been segmented into three major segments including component, application, and vehicle type.
The component segment is fragmented by optical, sensors & actuators, memory, microcontrollers, analog ICs, and logic & discrete power devices. The sensors & actuators segment is further segmented into LED, image sensor, position sensor, temperature sensor, pressure sensor, and others.
The memory segment is sub-divided into DRAM and flash. The application segment is categorized into advanced driver assistance systems, body electronics, infotainment, powertrain, and safety systems.
The vehicle type segment is bifurcated into passenger cars, light commercial vehicle, and heavy commercial vehicle. On the basis of geography, the automotive semiconductor market is presently dominated by APAC in terms of market share.
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Table of Contents:
- Key takeaways
- Automotive semiconductor market landscape
- Automotive semiconductor market – key industry dynamics
- Automotive semiconductor – global market analysis
- Automotive semiconductor market revenue and forecasts to 2027- components
- Automotive semiconductor market revenue and forecasts to 2027 – application
- Automotive semiconductor market revenue and forecasts to 2027 – vehicle type
- Automotive semiconductor market – geographical analysis
- Industry landscape
- Competitive landscape
- Global automotive semiconductor market – key company profiles
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